Moody's Corporation (MCO)

Moody's Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	6,555	5,916	5,468	6,218	5,371	4,829
Revenue Growth (YoY)	18.56%	8.19%	-12.06%	15.77%	11.22%	8.69%
Cost of Revenue	1,769	1,687	1,613	1,637	1,475	1,387
Gross Profit	4,786	4,229	3,855	4,581	3,896	3,442
Selling, General & Admin	1,683	1,623	1,520	1,487	1,235	1,171
Operating Expenses	2,085	1,996	1,851	1,744	1,455	1,371
Operating Income	2,701	2,233	2,004	2,837	2,441	2,071
Interest Expense	-322	-318	-216	-185	-163	-175
Interest & Investment Income	61	63	15	9	11	17
Earnings From Equity Investments	18	19	17	60	6	13
Currency Exchange Gain (Loss)	-6	-30	-10	-1	2	-18
Other Non Operating Income (Expenses)	15	41	8	35	-9	-21
EBT Excluding Unusual Items	2,467	2,008	1,818	2,755	2,288	1,887
Merger & Restructuring Charges	-70	-87	-114	-13	-50	-63
Gain (Loss) on Sale of Investments	11	14	-14	13	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-9	-14
Other Unusual Items	-	-	70	-	-	-
Pretax Income	2,408	1,935	1,760	2,755	2,229	1,810
Income Tax Expense	548	327	386	541	452	381
Earnings From Continuing Operations	1,860	1,608	1,374	2,214	1,777	1,429
Minority Interest in Earnings	-2	-1	-	-	1	-7
Net Income	1,858	1,607	1,374	2,214	1,778	1,422
Net Income to Common	1,858	1,607	1,374	2,214	1,778	1,422
Net Income Growth	30.20%	16.96%	-37.94%	24.52%	25.04%	8.55%
Shares Outstanding (Basic)	183	183	184	186	188	189
Shares Outstanding (Diluted)	184	184	185	188	189	192
Shares Change (YoY)	-0.27%	-0.38%	-1.70%	-0.74%	-1.20%	-1.44%
EPS (Basic)	10.17	8.77	7.47	11.88	9.48	7.51
EPS (Diluted)	10.12	8.73	7.44	11.78	9.39	7.42
EPS Growth	30.44%	17.34%	-36.84%	25.45%	26.55%	10.09%
Free Cash Flow	2,085	1,880	1,191	1,866	2,043	1,606
Free Cash Flow Per Share	11.36	10.22	6.45	9.93	10.79	8.38
Dividend Per Share	3.240	3.080	2.800	2.480	2.240	2.000
Dividend Growth	10.20%	10.00%	12.90%	10.71%	12.00%	13.64%
Gross Margin	73.01%	71.48%	70.50%	73.67%	72.54%	71.28%
Operating Margin	41.21%	37.75%	36.65%	45.63%	45.45%	42.89%
Profit Margin	28.34%	27.16%	25.13%	35.61%	33.10%	29.45%
Free Cash Flow Margin	31.81%	31.78%	21.78%	30.01%	38.04%	33.26%
EBITDA	3,103	2,606	2,335	3,094	2,661	2,271
EBITDA Margin	47.34%	44.05%	42.70%	49.76%	49.54%	47.03%
D&A For EBITDA	402	373	331	257	220	200
EBIT	2,701	2,233	2,004	2,837	2,441	2,071
EBIT Margin	41.21%	37.74%	36.65%	45.63%	45.45%	42.89%
Effective Tax Rate	22.76%	16.90%	21.93%	19.64%	20.28%	21.05%

Source: S&P Capital IQ. Standard template. Financial Sources.